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Climeon Signs 1.1MEUR Order for HeatPower 300 to Support Sustainable Energy Transition in Lithuania

Climeon has signed a 1.1 MEUR contract with UAB Termolink in Lithuania for the sale of Climeon’s HeatPower 300 waste heat recovery system, which will provide on-site clean electricity at NEO. | May 5, 2023 ....

Klaipedos Apskritis , Climeon Heatpower , Carl Arnesson , Ruslanas Radajevas , Valdas Garmus , Lena Sundquist , Organic Rankine Cycle , Nasdaq First North Premier Growth , Climeon Ab Publ Stock Exchange , Press Release , T Climeb Se0009973548 ,

A European patent will protect NEO GROUP's sustainability innovation

„NEO GROUP's invention is based on post-consumer PET packaging recovery, by bringing it back to production, preparation and purification of PET flakes by mild glycolysis. This technology already allows the production of new PET resin using 25% of secondary raw materials without compromising the quality of the final product. Still, in the future, the Klaipėda-based company intends to increase the share of secondary PET up to 50% in the future. NEO GROUP started laboratory, and pilot testing of this technology in 2019, the patenting procedure in spring 2020, the first batches of sustainable PET resin were supplied to its customers in early 2021, and officially received the EU patent on a symbolic day for Lithuania – 16 February 2022 (the State Restoration Day). ....

Simonas Gentvilas , Ruslanas Radajevas , State Restoration Day , Environment Minister Simonas Gentvilas ,